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Overview

Consistent Long-Term Growth. Growth investing can play a key role in helping investors reach their long-term financial goals. Growth is a cornerstone equity fund designed with the objective to steadily build wealth over time without exposing investors to unnecessary risk.

Key Facts
Investment Objective
Seeks long-term capital growth
Inception Date
05/02/2011
Morningstar Category
Large Growth
Benchmark
Russell 1000 Growth IndexA
Total Assets
$5,456,329
As of 01/31/2024
Total Holdings
77
As of 12/31/2023
Distribution Frequency
Annual
Morningstar Overall Rating
Based on risk-adjusted return
Out of 1,116 funds. Large Growth category
As of 01/31/2024
Fees
Gross Expense Ratio
0.92%
Net Expense Ratio
0.76%
Trading Information
Ticker
AWRIX
CUSIP
024936692

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.

Performance

AWRIX
Russell 1000 Growth IndexA

Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.

Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.

VP Growth Fund

Russell 1000 Growth Index

Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.

Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

Data is not available at this time

Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.

Total Paid
Ordinary Dividends
Reinvest Price
03/28/2023
$0.0172
$0.0172
$15.32

Historical Distribution (CSV)

Ratings and Risk

As of 01/31/2024
Overall
Out of 1,116 funds. Large Growth category
3 Year
Out of 1,116 funds
5 Year
Out of 1,039 funds
10 Year
Out of 810 funds

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Portfolio

As of 01/31/2024
% Portfolio
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 12/31/202377 Equity Issues
As of 01/31/2024
Sectors
% Portfolio
Information Technology
45%
Consumer Discretionary
14%
Communication Services
12%
Health Care
11%
Financials
7%
Industrials
5%
Consumer Staples
4%
Real Estate
1%
Materials
<1%
Energy
<1%
Due to rounding, these values may exceed 100%
As of 01/31/2024
Company
% Portfolio
Microsoft Corp
13.97%
Apple Inc
9.07%
Alphabet Inc
7.11%
NVIDIA Corp
5.92%
Amazon.com Inc
5.33%
Visa Inc
4.17%
Meta Platforms Inc
3.79%
Eli Lilly & Co
2.39%
AbbVie Inc
2.09%
UnitedHealth Group Inc
1.77%
% of Top Portfolio Holdings
55.61%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 01/31/2024
Countries
Regions
Countries
% Portfolio
United States
98%
Netherlands
1%
Denmark
1%
Due to rounding, these values may exceed 100%

Team

Justin Brown, CFA avatar
Justin Brown, CFA

Vice President

Portfolio Manager

Firm Start

2000


Industry Start

1993

Joe Reiland, CFA avatar
Joe Reiland, CFA

Vice President

Senior Portfolio Manager

Firm Start

2000


Industry Start

1995

Scott Marolf avatar
Scott Marolf

Portfolio Manager

Senior Investment Analyst

Firm Start

2008


Industry Start

2005

Resources

Fund Literature
Fact Sheet

Returns or yields for the fund would have been lower if .16% of the management fee had not been waived. The advisor expects this waiver to continue until July 31, 2024, and cannot terminate it prior to such date without the approval of the Board of Directors. Review the annual or semiannual report for the most current information.

The VP Funds are managed by the same management team using the same objectives, approach, and philosophy as the retail fund. The VP portfolios are managed in a manner that under normal circumstances should produce similar performance. However, it is important to note that there are additional fees and charges assessed with investments in variable insurance products, those charges are disclosed in the separate account prospectus. The fees and charges will reduce returns when compared to that of the retail fund. There is no guarantee that the management team will achieve the same or similar performance in the future.

The value and/or returns of a portfolio will fluctuate with market and economic conditions.

Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.

Please see the prospectus for details about sales charges.

The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

Russell 1000® Growth Index

Measures the performance of those Russell 1000 Index companies (the 1,000 largest publicly traded U.S. companies, based on total market capitalization) with higher price-to-book ratios and higher forecasted growth values.

Investment Blend: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.

Sector Weights: This value represents the sectors included in the portfolio on a percent of assets basis.

Top Holdings: This value represents the top holdings included in the portfolio on a percent of assets basis. Equity holdings are grouped to include common shares, depository receipts, rights and warrants issued by the same company. Holdings are rounded to the nearest whole number, which may result in the display of less than ten holdings.

Countries: This value represents the countries included in the portfolio on a percent of assets basis.

Regions: This value represents the regions of the country represented by the securities included in the portfolio on a percent of assets basis.

For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

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The Russell 1000® Index is a trademark/service mark of the Frank Russell Company. Russell® is trademark of the Frank Russell Company.